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Juan March Delgado steps down from Banca March board after almost three decades

26 July 2021 Category: Banca March

  • The Board of Directors has appointed Catalina March Juan to the Board.
  • In keeping with its commitment to best corporate governance practice, Banca March's Board of Directors comprises 13 members, of whom 3 are executive directors, 5 are independent directors and 5 are proprietary directors.

At a meeting of the Banca March Board of Directors in Palma de Mallorca today, Juan March Delgado stepped down as a Director of the bank after holding a seat on the Board since 1994. Following her appointment by the Board, Catalina March Juan will be taking up the role of proprietary director.

In keeping with the strictest international corporate governance standards, Banca March has 13 directors (3 executive, 5 independent and 5 proprietary). The new proprietary director is the fourth woman on the Banca March Board of Directors; the other three are María Antonia Otero and Agatha Echevarría Canales – both non-executive directors – and the bank's Executive Vice Chair, Rita Rodríguez Arrojo.

“The Banca March Board of Directors is grateful to Juan March Delgado for his invaluable contribution. It has been an honour to benefit from his presence, knowledge and judgement throughout this time,” said Banca March Executive Chairman Juan March de la Lastra.

Banca March is the only Spanish bank which is wholly family-owned and is seeking to position itself as a leading provider of private banking and corporate advisory services, with a long-term approach supported by the professionalisation of its governing bodies.

Banca March boasts a unique, inimitable business model, underpinned by four pillars: shareholder commitment, exclusive products, outstanding quality service and excellent professionals. The bank has robust financial and capital ratios, with CET 1 of 18.22% at the end of March, the highest in the Spanish banking system and among the highest in Europe. It also boasts the lowest NPL ratio in Spain at 1.50%, professionals trained at the sector's best training facility for specialist wealth management and family business advisory services, increasing use of technology to enhance operations, unparalleled products such as co-investment solutions and a sector-leading position in customer service quality ratings. These are among the reasons why Banca March has been recognised as one of the top 10 best places to work in Spain by the prestigious global consultancy Great Place To Work®.

Sources from the board said that the gradual integration of the next generation of the family which founded Banca March almost 100 years ago will reinforce shareholder commitment to Shared Growth – the bank's hallmark – through a unique, inimitable business model.

Juan March Delgado (Palma de Mallorca, 1940) has a Doctorate in Industrial Engineering from Madrid's Universidad Politécnica and was Co-Chairman of Corporación Financiera Alba alongside Carlos March Delgado until 2018. Throughout his career, he has been deeply committed to promoting culture and training, working intensely with various cultural institutions and international think tanks. He is currently Chairman of the Juan March Foundation Board of Trustees and of the Juan March Research and Investigation Institute and will remain in these roles. He belongs to the International Advisory Board of the Council on Foreign Relations, a think tank headquartered in New York which specialises in US foreign policy and international affairs. Juan March Delgado has also held the roles of Chairman of Banco de Progreso, director of Banco Urquijo and Signet Banking Corporation, member of the World Business Council for Sustainable Development (USA) and trustee of the Carrefour International Foundation for Patronage and Solidarity (Paris).

Catalina March Juan has a Degree in Architecture from the Superior Technical School of Architecture at Madrid's Universidad Politécnica and a Master's in Art History from the University of Glasgow. She has completed the Executive Development Programme at Madrid's IESE Business School and various other post-grad courses at the same educational institute. She has professionally active as an architect since 2005 and has been a member of the Juan March Foundation's Board of Trustees since 2008.

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